The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Food Robotics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food Robotics Global Market Report 2024, The food robotics market size has grown rapidly in recent years. It will grow from $2.28 billion in 2023 to $2.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to labor shortages, increasing consumer demand, stringent food safety regulations, rising production costs, globalization of the food supply chain.The food robotics market size is expected to see rapid growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.
The increase in the consumption of processed food is significantly driving the growth of the food robotics market. Processed food refers to food items that undergo treatment or alteration during preparation to extend their shelf life. Food robots are utilized in food processing to automate various tasks and maintain the sanitation of food processing facilities to meet hygiene standards. For example, according to a report published by the Australian Bureau of Statistics in March 2022, Australia witnessed a consumption of 14.7 million tons of non-alcoholic beverages and food during 2020-2021, marking a 1.4% increase from 2019-2020 and a 4.9% increase from 2018-2019. Therefore, the rising consumption of processed food is expected to propel the food robotics market forward.
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The food robotics market covered in this report is segmented –
1) By Type: Articulated, Cartesian, Scara, Parallel, Cylindrical, Collaborative, Other Types
2) By Payload: Low, Medium, High
3) By Application: Palletizing, Packaging, Repackaging, Pick And Place, Processing, Other Applications
4) By End User: Beverages, Meat, Poultry, Seafood, Dairy, Bakery, Fruits and Vegetables, Confectionery, Other End Users
Top Major Players
Mitsubishi Electric Corporation,
Midea Group,
Denso Corporation,
ABB Group,
Flexicell Inc.
The food robotics market report table of contents includes:
1. Executive Summary
- Food Robotics Market Characteristics
- Food Robotics Market Trends And Strategies
- Food Robotics Market – Macro Economic Scenario
- Global Food Robotics Market Size and Growth
- Food Robotics Market Segmentation
- Food Robotics Market Regional And Country Analysis
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- Global Food Robotics Market Competitive Dashboard
- Key Mergers And Acquisitions In The Food Robotics Market
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Food Robotics Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Food Robotics Market, Segmentation By Payload, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Food Robotics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Mitsubishi Electric Corporation Financial Performance
Table 76: Midea Group Financial Performance
Table 77: Denso Corporation Financial Performance
Table 78: ABB Group Financial Performance
Table 79: Flexicell Inc. Financial Performance
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